Bolt partners with Stellantis and Pony.ai for autonomous test

INVESTING.COMJun 8, 6:46 PM UTC
Bolt partners with Stellantis and Pony.ai for autonomous test

Investing.com -- Estonian vehicle sharing platform Bolt will launch its first autonomous mobility test program in Luxembourg with carmaker Stellantis (BIT:STLAM) and Chinese robotaxi operator Pony.ai, the companies said on Monday.

The announcement came after 18 European Union member states signed a joint declaration of intent on large-scale cross-border tests for autonomous vehicles under the European Automotive Action Plan.

The pilot program will focus on validating the safety, performance and regulatory readiness of Pony.ai’s autonomous vehicles in Luxembourg’s traffic environment, according to the companies.

Stellantis will provide a mid-size van based on its L4-Ready platform for the program.

The three companies aim to achieve driverless operational readiness by the end of the pilot program.

The race to introduce autonomous vehicles across Europe has intensified, with automakers such as Tesla (NASDAQ:TSLA) and Mercedes (ETR:MBGn), along with ride-hailing platforms like Uber (NYSE:UBER), increasing efforts to launch self-driving services.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for STLAM plus thousands of other stocks and find your next hidden gem with massive upside.

Continue reading on INVESTING.COM

Related Articles